Title 13, Title 13 — Banks, Banking And Finance
12 chapters · 326 sections in this title.
W.S. § 13-5-521 Inspection of public trust company; confidentiality
1.2K chars
Inspection of public trust company; confidentiality. (a) Every public trust company is subject to inspection by the commissioner. The commissioner or a duly appointed examiner shall visit and examine each public trust company as often as the commissioner deems necessary and at le…
W.S. § 13-5-522 Conversion from chartered family trust company to public trust company
0.4K chars
Conversion from chartered family trust company to public trust company. A chartered family trust company that complies with the requirements outlined in W.S. 13-5-501 through 13-5-509, and upon approval of the new public trust company charter and surrender of the chartered family…
W.S. § 13-5-523 Conversion from special purpose depository institutions
3.8K chars
Conversion from special purpose depository institutions. (a) The commissioner, with approval of the board, may convert the charter of a special purpose depository institution chartered under W.S. 13-12-115 to a public trust company chartered under this article. A conversion shall…
W.S. § 13-5-601 Powers of family trust companies; prohibitions
1.1K chars
Powers of family trust companies; prohibitions. (a) A family trust company may, but only for family members: (i) Act or be appointed by any court within and outside this state to act as a fiduciary for family members for any purpose permitted by law; (ii) Act as transfer agent or…
W.S. § 13-5-602 Family trust companies; authorized actions and transactions; conflicts of interest
5.1K chars
Family trust companies; authorized actions and transactions; conflicts of interest. (a) In addition to the actions authorized by W.S. 13-5-601 and notwithstanding the other provisions of this chapter, while acting as a fiduciary a family trust company may: (i) Invest in a securit…
W.S. § 13-5-603 Organization of a chartered family trust company
1.6K chars
Organization of a chartered family trust company. (a) One (1) or more persons may subscribe to an organizational instrument in writing for the purpose of forming a chartered family trust company, subject to the conditions prescribed by law. (b) The articles of incorporation for a…
W.S. § 13-5-604 Requirements for chartered family trust company
0.9K chars
Requirements for chartered family trust company. (a) A chartered family trust company shall maintain: (i) A physical office in this state where original or true copies, including electronic copies, of all material business records and accounts of the chartered family trust compan…
W.S. § 13-5-605 Minimum capital requirements; investment of capital
0.8K chars
Minimum capital requirements; investment of capital. The initial capital required to organize a chartered family trust company shall be not less than five hundred thousand dollars ($500,000.00). The full amount of the initial capital must be paid in cash to the governing body of …
W.S. § 13-5-606 Procedures upon filing of organizational instruments, application and other information; application fee; approval or disapproval of application; criteria for approval; action upon application
3.9K chars
Procedures upon filing of organizational instruments, application and other information; application fee; approval or disapproval of application; criteria for approval; action upon application. (a) An applicant for a chartered family trust company charter must file an application…
W.S. § 13-5-607 Inspection of chartered family trust company; fees; resolution fund account; confidentiality
1.5K chars
Inspection of chartered family trust company; fees; resolution fund account; confidentiality. (a) Every chartered family trust company is subject to inspection by the commissioner. The commissioner or a duly appointed examiner shall visit and examine each chartered family trust c…
W.S. § 13-5-608 Conversion from public trust company to chartered family trust company
1.0K chars
Conversion from public trust company to chartered family trust company. (a) A public trust company that meets the requirements of W.S. 13-5-301(a)(viii), 13-5-604 and 13-5-605 may merge with, convert into or reorganize as a chartered family trust company upon application to the c…
W.S. § 13-5-701 Establishment of a private family trust company
1.9K chars
Establishment of a private family trust company. (a) One (1) or more persons may subscribe to an organizational instrument in writing for the purpose of forming a private family trust company, subject to the provisions of this chapter. (b) The articles of incorporation for a priv…
W.S. § 13-5-702 Inspection of private family trust companies; authority of commissioner
0.8K chars
Inspection of private family trust companies; authority of commissioner. (a) If the commissioner has reasonable cause to believe that a private family trust company proposes to transact or has transacted trust company business with the general public, then the commissioner may co…
W.S. § 13-5-703 Private family trust companies; applicability of chapter
0.3K chars
Private family trust companies; applicability of chapter. Except as otherwise provided in this chapter, the provisions of this chapter applicable to supervised trust companies and family trust companies shall not apply to private family trust companies.